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[ad_1] Updated 2025-09-09T04:20:12Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Rupert Murdoch’s succession drama reached a settlement this week. The family announced a settlement over control of the trust that holds its stakes in Fox Corp and News Corp. Meet Lachlan Murdoch, who will control his father’s assets after Rupert dies. Rupert Murdoch’s succession drama reached a…

[ad_1] Japan’s tariff negotiator said the US tariffs on Japanese goods will go down.Ryosei Akazawa, Japan’s minister of economic revitalization, who has been steering trade talks with the US, made the announcement via an X post on Tuesday.In his post, Akazawa said that on Tuesday, September 16, the tariffs imposed by the US on Japan will be revised.Citing a US federal register document, which he said would be published later on Tuesday, he added that tariffs on automobiles and automotive parts from Japan will also be reduced.This is the latest development in negotiations between the US and Japan, one of…

[ad_1] OpenAI CEO Sam Altman said on Monday that people may have picked up AI’s quirks and are starting to sound like large language models on social media.Altman wrote in a post on X that he had the “strangest experience” looking at the flurry of online forum posts about Codex, OpenAI’s new agent tool for developers.”I assume it’s all fake/bots, even though in this case, I know codex growth is really strong and the trend here is real,” Altman said on X.Representatives for Altman at OpenAI did not respond to requests for comment from Business Insider.Altman posited a few reasons…

[ad_1] Semiconductor giant Intel continues to shake up its senior leadership since Lip-Bu Tan took the helm as CEO in March. Intel announced Monday that Michelle Johnston Holthaus will depart the company after more than three decades. Johnston Holthhaus was most recently chief executive officer of Intel products and will remain a strategic adviser. The company also announced the creation of a central engineering group that will build a new custom silicon business for outside customers, according to Intel. This group will be helmed by Srinivasan “Srini” Iyengar who joined Intel from Cadence Design Systems in July. Intel also said…

[ad_1] With every major private markets firm, and many smaller ones, racing to offer their products to wealthy retail investors, it’s easy to forget that this was once anathema for the industry. Just ten years ago, most money invested in the private markets came from institutional investors, and the only way for regular people to get exposure was to be lucky enough to have a pension.Doug Ostrover, the co-CEO of Blue Owl and co-founder of GSO, now Blackstone Credit, is one of the private markets industry’s private wealth pioneers. At an industry conference on Monday, he cautioned that gaining traction…

[ad_1] X enthusiast and Reddit shareholder Sam Altman had an epiphany on Monday: Bots have made it impossible to determine whether social media posts are really written by humans, he posted. The realization came while reading (and sharing) some posts from the r/Claudecode subreddit, which were praising OpenAI Codex. OpenAI launched the software programming service that takes on Anthropic’s Claude Code in May. Lately, that subreddit has been so filled with posts from self-proclaimed Code users announcing that they moved to Codex that one Reddit user even joked: “Is it possible to switch to codex without posting a topic on…

[ad_1] What’s going to happen to Rupert Murdoch’s media empire when he dies?The last time we asked this question, in late 2024, we didn’t know.Now, after the warring tribes of the Murdoch family have brokered a reported $3.3 billion peace treaty … we still don’t know.What the new settlement, announced Monday afternoon, does resolve is the near-term future of Rupert Murdoch’s empire, which includes Fox News and The Wall Street Journal. It’s going to stay under his control, guided by his son Lachlan.That had recently been an open question, due to a messy court fight between Lachlan and his siblings…

[ad_1] McKinsey & Company says AI isn’t killing entry-level jobs. In fact, the firm is planning to hire more junior workers.The company employs some 5,000 to 7,000 workers who aren’t partners in North America, and in five years, the number of such employees could rise by 15% to 20%, Eric Kutcher, a senior partner and chair of McKinsey North America, told reporters Monday at the company’s media day in New York.For 2026, McKinsey plans to hire 12% more people in North America than in 2025, he said. Kutcher said he expects the company will continue to increase the number of…

[ad_1] Scale AI, the data-labeling startup that Meta invested $14 billion in, has made cuts to a key team that helps the company test artificial intelligence models for potential harms.Twelve contractors working for Scale AI’s Red Team received emails terminating their work on Friday evening, according to multiple current and former workers who requested anonymity due to the sensitivity of the matter.The email, which Business Insider viewed, read, “Your assignment is being terminated as your performance has fallen below the standards of the role.”Based in San Francisco, Scale AI helps tech companies improve their latest chatbots by doing things like…

[ad_1] The real-life “Succession” drama that has consumed one of the world’s richest and most famous families has reached its finale.The dispute over the Murdoch Family Trust — which controls media companies like Fox News, The New York Post, and The Wall Street Journal — has been resolved, the family’s holding companies, News Corp and Fox, announced Monday.The settlement sees three of Rupert Murdoch’s children part with their stakes in the family business for cash compensation of about $1.1 billion each, a person familiar with the matter said. That values the total payout at about $3.3 billion.Murdoch’s eldest son, 54-year-old Lachlan…